FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on AUDJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 111.42 is broken. The further movements will rely on the width of the current pattern 51 points.

The Double Bottom pattern has been formed on AUDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 111.02 is broken. The further movements will rely on the width of the current pattern 8 points.

On the chart of the AUDJPY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 110.77, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 38 points.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.83; the lower boundary 110.61; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 110.46 level.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 110.01; the lower boundary 109.92; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 109.92 with a possible movements towards the 109.77 level.